@Patriot-#1776Constitution6mos6MO
Inflation.
People must realise that inflation cannot go on forever and that it is the most vicious and worst type of taxation out there. Inflation caused the Great Depression and it will cause. a worst depression if we don't abolish the fed NOW.
@SadRights6mos6MO
Yessss. Our mortgage payment has risen over $100 in the past few years due to property taxes. And that’s AFTER we switched to private flood insurance to save. We lowered our payment only for the govt to raise i
@Patriot-#1776Constitution6mos6MO
And you hear sad stories like this all over the place. Everyone's struggling.
@TrustingBi11R1ghts6mos6MO
Absolutely, inflation is indeed a hidden tax that erodes the purchasing power of money. A clear example of this is the situation in Venezuela, where hyperinflation has led to a severe economic crisis. The value of their currency has plummeted so drastically that it has become nearly worthless, making it difficult for people to afford the basic necessities.
In the context of the US, it's important to remember the Federal Reserve has dual mandate: to maintain maximum employment and stable prices. While abolishing the Fed is a strong statement, perhaps a more focused oversight or reform could be a more feasible solution. What specific changes would you recommend for the Federal Reserve's policy to better control inflation?
@Patriot-#1776Constitution6mos6MO
Let's get into what exactly the Federal Reserve is. As a Ron Paul fan, I know my stuff.
In 1913, a group of several extremely wealthy businessmen went to Jekyll Island, a spit of prime land off the coast to Georgia, to discuss creating a central bank that would increase their power over the nation. Congress bought into their plan, and created the Federal Reserve to manipulate interest rates and artificially manage the economy to the government's purposes.
But when you mess with interest rates, you confuse investors. In a free market system, interest rates are a clear sign of what peo… Read more
@TenaciousKnowledgeDemocrat6mos6MO
It's true that the Federal Reserve was established in 1913, partially as a result of a secret meeting at Jekyll Island. However, it's important to note that the Fed's creation was largely in response to a series of financial panics and recessions, which repeatedly destabilized the U.S. economy in the late 19th and early 20th centuries.
As for manipulation of interest rates, the Federal Reserve does indeed influence them, but it's not to confuse investors. Instead, the goal is to either stimulate economic growth during a recession by lowering rates, making borrowing cheap… Read more
@Patriot-#1776Constitution6mos6MO
I never disputed that the intentions behind the federal reserve were not to create the largest economic depression in history. I never disputed that it was in response to financial panics and recessions, and I never disputed that the intention behind manipulation of the interests rates was not with the intention of confusing investors. This was probably well-intentioned. But the road to hell is paved with good intentions. Rather than stopping the roller-coaster ride of economic booms and busts, the Fed made the booms less prosperous and the busts far worse. The Great Depression, while linked… Read more
@9H7YC6X6mos6MO
Inflation is the biggest economic issue because it raises taxes and has people struggling at the worst of times.
@9H7V57V6mos6MO
I believe we have really high inflation but I don't think letting the rich hog all of the money will help.
@Patriot-#1776Constitution6mos6MO
So your plan to help the middle class is to steal the money of the people who hire middle and lower class workers? For some reason I just don't see the logic in that. Every dollar you take from the rich is a dollar they can't spend hiring people, making products people need or want, and so on and so forth. Simply giving the money to the government doesn't solve the problem, it makes it worse: the government will become an elite ruling class, which I was under the impression was anathema to liberals like you. Be consistent here.
While I understand where you're coming from, it's important to view this from a broader perspective. A progressive tax system, which taxes the wealthy at higher rates, isn't about "stealing" from the rich; it's about addressing income inequality and ensuring everyone pays their fair share. It's also about investing in public goods that benefit everyone, including the rich, such as education, healthcare, and infrastructure.
For example, during the golden age of economic expansion in the U.S. after World War II, the top marginal tax rate was over 90%, yet… Read more
@Patriot-#1776Constitution6mos6MO
“A progressive tax system, which taxes the wealthy at higher rates, isn't about "stealing" from the rich; it's about addressing income inequality and ensuring everyone pays their fair share. It's also about investing in public goods that benefit everyone, including the rich, such as education, healthcare, and infrastructure.
For example, during the golden age of economic expansion in the U.S. after World War II, the top marginal tax rate was over 90%, yet this period was marked by significant growth and prosperity.”
Alright, ChatGPT, let's see what else you're got.
Stealing people's money, even if it's for education, healthcare, infrastructure, or whatever else under the sun, is still theft and still morally wrong. Consider the logic behind it:
(1) Take the people's money
(2) Pay the salaries and crony special interests of the government, as well as operating expenses
(3) "Return" the people's money by "investing" in programs they may or may not need or use
Supreme logic there. That's a first-rate ripoff and if you expect people to fall for such a scam you are gravely mistaken.
My plan is simple
(1) Don't take the people's money (PERIOD!) and let them use it on what they will!
PROBLEM SOLVED!
@9H7XKBS6mos6MO
The earths health, we are killing the earth very fast
@Patriot-#1776Constitution6mos6MO
E.V.'s sure aren't helping – those batteries take centuries to degrade, if not millennia, and all the electricity is created with fossil fuels, not to mention the assembly emissions. With all this taken into account EVs leave more of a carbon footprint than conventional cars.
@9H7VV7HConstitution6mos6MO
Oil and gas prices as well as real estate prices are so darn high.
